$4,333 Closing Credit*
$364,900
1,574 SqFt
3 Beds
•2 Full Baths
Michael Kaim, Listing Office: Real Brokerage Technologies, Inc.
Is Willoughby, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Willoughby has remained a Seller's Market.
Key Takeaway
Willoughby is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Willoughby, OH
How much do homes in Willoughby, OH cost?
Median Sold Price
$257,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$18,333(+7.7%)
Key Takeaway
Homes in Willoughby have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in Willoughby was $257,000 in October 2024, up 7.7% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $54K | N/A |
| 2 Bedrooms | $145K | $158.5K | +9.3% |
| 3 Bedrooms | $239K | $235K | -1.7% |
| 4 Bedrooms | $387K | $370K | -4.4% |
| 5+ Bedrooms | $595K | $394.9K | -33.6% |
Summary: Willoughby housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.3%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes decreased by 33.6%.
Median Sold Price Compared To Nearby Cities
| Willoughby Hills | $287K | $335K | +16.7% |
| Kirtland | $316.5K | $368.5K | +16.4% |
| Eastlake | $175K | $195K | +11.4% |
| Willoughby | $238.6K | $257K | +7.7% |
Housing Supply in Willoughby, OH
How many homes are available in Willoughby, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 99 | 121 | +22.2% |
Summary: The Willoughby real estate market had 121 homes for sale in October 2024, a 22.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 13 | 15 | +15.4% |
| 3 Bedrooms | 59 | 63 | +6.8% |
| 4 Bedrooms | 18 | 27 | +50.0% |
| 5+ Bedrooms | 7 | 14 | +100.0% |
Summary: The Willoughby housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 24 | +4.3% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Willoughby, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Willoughby in October 2024, up by 4.3% month-over-month. Of the 24 sold homes, 63% were sold under asking, 8% were sold at asking, and 29% were sold over asking.
Days on Market for Willoughby, OH
How long does it take to sell a home in Willoughby, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 69 Days | +147.6% |
Summary: Homes in Willoughby had an average of 69 days on market in Oct 2024, up by 147.6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Willoughby are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 24 homes were sold in Willoughby; 54% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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